Examples of Managing Members in a sentence
The Purchaser is also aware of and familiar with the provisions of the Operating Agreement relating to the management of the Company and the provisions regarding the selection of members as a Managing Members.
Lessee shall, within ten (10) days after the execution of this Lease, deliver to Lessor a certified copy of a resolution of the Managing Member(s) of the company authorizing or ratifying the execution of this Lease.
A Non-Managing Member may not exercise the Redemption Right for less than 5,000 Member Units or, if such Non- Managing Members holds less than 5,000 Member Units, all of the Member Units held by such Member.
Furthermore, in the event the IPO Registration Statement is not declared effective within 120 days following the initial filing of the IPO Registration Statement, unless a road show for the initial public offering pursuant to the IPO Registration Statement is actually in progress at such time, the Corporate Manager shall promptly provide a new written notice to all Non- Managing Members giving them another opportunity to elect to include Registrable Shares in the pending IPO Registration Statement.
The Investor Members signing this Agreement do hereby acknowledge that the Company is to be managed solely by the Managing Members, and that the Investor Members do not have any control of the business, except as otherwise herein specifically set forth.